Ghana’s consumer inflation rate rose to 5.0 percent year on year in August from 4.6 percent in July, the Ghana Statistical Service said Wednesday.
The increase marked the fourth uptick in inflation in the past 19 months, following a prolonged downward trend since December 2024, when inflation stood at 23.8 percent.
Government Statistician Alhassan Iddrisu said at the monthly data release in Accra, the country’s capital, that the rise in headline inflation was mainly driven by higher housing, water, and energy prices, which accounted for 29.4 percent of overall headline inflation.
Also, Iddrisu said food inflation accounted for 29.1 percent of overall inflation during the month under review.
“Note that overall inflation has been halved over the past 12 months, from more than 11.5 percent in Aug. 2025 to 5.0 percent in Aug. 2026,” the government statistician stated.
Moreover, on sectoral basis, food inflation stood at 3.0 percent in August, from 3.1 percent the previous month, while non-food inflation increased to 6.8 percent from the previous 6.1 percent.
Inflation for locally-produced items and imported items also stood at 6.1 percent and 2.2 percent from 5.9 percent and 2.0 percent respectively. Ghana’s central bank said during its July Monetary Policy Committee press conference that there was enough policy pace to manage the risk to the inflation outlook